Examples of Full Payment Date in a sentence
If any amount shall be paid to Guarantor on account of subrogation at any time prior to the Obligations Full Payment Date, such amount shall be held by Guarantor in trust for Buyer, segregated from other funds of Guarantor, and shall, forthwith upon receipt by Guarantor, be turned over to Buyer in the exact form received by Guarantor (duly endorsed by Guarantor to Buyer, if required) to be applied against the Obligations, whether due or to become due, in such order as Buyer may determine.
On the Obligations Full Payment Date, Buyer agrees that Guarantor shall be subrogated to the rights of Buyer against Seller to the extent of Guarantor’s payments to Buyer hereunder that have not been rescinded, avoided or otherwise required to be returned.
Captec Financial agreed to this modification and redrafted the Note to define the Prepayment Premium as:equal to the positive difference between the pres- ent value (computed at the Reinvestment Rate) of the stream of monthly payments of principal and interest under this Note from the date of the pre- payment through the tenth (10th) anniversary of the First Full Payment Date at the Stated Rate .
Ongoing Financing Costs include the PCOU amount for all Under-Collected Service Areas as reflected in the PCOU calculated as of the Full Payment Date.
On and after the Full Payment Date, Post Bond Payment SC Collections will continue in each Under-Collected Service Area and cease in each Over- Collected Service Area and shall be allocated to customers in the Over-Collected Service Areas as determined by the Master Servicer to ensure that over-paid service areas are fully credited for their over-payments.
On and after the Full Payment Date, Securitized Charges (i) will continue to be imposed and collected by the Participating Members in all Under-Collected Service Areas until such under-collections are collected in full (such collections being referred to as “Post Bond Payment SC Collections”), and (ii) will cease to be imposed and collected in all service areas with an over-collection (“Over-Collected Service Areas”).
Unless the Lender determines otherwise, the last Pay Period will end on the Full Payment Date.
Adjustment Bureau, 905 A.2d at 468-69.Beginning with the plain language of the contract in this case, the Notes define the Prepayment Premium in terms of a “Differential.” That Differential equals:the positive difference between the present value (computed at the Reinvestment Rate) of the stream of monthly payments of principal and interest under this Note from the date of the prepayment through the tenth (10th) anniversary of the First Full Payment Date at the Stated Rate .
Citing Paragraph 12, Debtors argued that the conclusion of the monetization process only occurs when the parties agree in writing to terminate the Settlement Agreement or on the Full Payment Date.
That section provides:Tilton and the CRO shall work jointly as outlined herein to monetize the Group A Portfolio Companies until such time as the [sic] (i) the parties each agree in writing to terminate this settlement agreement, such agreement to be granted or withheld in their sole respective discretion or (ii) the Full Payment Date.